Quote from: kingzpro on Today at 08:18:33 PM

Quote from: restuibu on November 19, 2020, 11:25:12 PM

We all know that the price of Ethereum will grow when bitcoin is growing, everyone knows what happened in 2017. When bitcoin hit the price of $17k - $18k then the ethereum price was already over $1k - $1.2k, but now when bitcoin price is $17k but the ethereum price is very difficult to break the $500 price, shouldn't ethereum current price should is $1k

Actually what happened to ethereum?

If you check on larger time frames the eth price is definitely keeping up with that of bitcoin but it is like a little bit delayed which is understable as initially money goes to bitcoon and then it flows to ethereum and others but one thing is for sure and that is we are in a new phase of longterm bull trend which will be here for many months hopefully.

The ethereum price does not follow Bitcoin price movements against the US Dollar because the Ethereum price is still under pressure against Bitcoin. This can be seen from the price movement of the eth / btc pair which still looks depressed even though currently ethereum has started to rise in price against Bitcoin.